HomeCrypto NewsMarketCrypto Founder Said He Stopped Looking at XRP Chart Long Ago, Shares Where the Real Signal Is

Crypto Founder Said He Stopped Looking at XRP Chart Long Ago, Shares Where the Real Signal Is

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A crypto founder and XRP community figure says he has stopped looking at the XRP chart, instead paying closer attention to where he believes the “real signal” is.

Versan Aljarrah, founder of the Black Swan Capitalist, revealed this in one of his recent commentaries at a time when the XRP price has continued to struggle. For context, following the latest relief rally that led to an 8% rebound between Dec. 2 and 3, XRP has again faced resistance, correcting by more than 5% since Dec. 3.

Aljarrah Chooses to Ignore Price Fluctuations

Price fluctuations such as these remain one of the primary reasons investor sentiment turns sour during unfavorable market conditions, as optimism quickly turns sour whenever relief rallies witness resistance and prices record another steep pullback.

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Aljarrah has decided to avoid these patterns, instead focusing on what he believes is the “real signal.” In a post on X, the crypto founder revealed that he stopped paying attention to XRP’s chart “a long time ago.” According to him, the price trends from the candlesticks do not really mean much without proper context.

Instead, he focuses on signals that reveal where long-term momentum is truly building. Aljarrah confirmed that he tracks capital flows across the broader crypto ecosystem, studies which institutions and platforms are embracing new technologies, and examines the motivations behind each wave of adoption.

He also follows the rebuilding of financial systems happening behind the scenes. Notably, these changes often tell future market direction long before the charts do. Essentially, investors could get better insight from understanding how money moves and who is integrating blockchain solutions.

Bullish Developments Dictating XRP Price

For context, these important developments often dictate market direction more accurately and have a history of pushing XRP price higher when the charts have not predicted such an upsurge. 

For instance, in July 2023, while XRP struggled at $0.47, the price eventually shot up 100% to $0.94 on July 13, after Judge Torres delivered her landmark ruling in the SEC vs. Ripple case, clarifying that XRP is not a security. Before this 100% surge, the charts remained bearish, as XRP had remained in a downtrend for a month.

In addition, XRP’s November 2024 surge followed a similar pattern. Specifically, XRP consolidated around the $0.50 mark for over a month until President Donald Trump emerged victorious in the November 2024 election, putting XRP on an upward path that culminated in a massive 283% increase in November alone. 

Throughout this year, XRP has also been reacting positively to bullish reports, including its inclusion in the U.S. crypto stockpile in early March, which led to a 34.27% spike to $3 within a day. Meanwhile, in July, a series of favorable developments around Ripple’s national bank charter and the approval of ProShares’ leveraged XRP ETFs led to a price spike to $3.6 by July 21.

Considering these trends, Aljarrah has decided to pay closer attention to bullish behind-the-scenes developments. In contrast, paying more attention to price fluctuations often leads to declining optimism. For instance, Santiment recently found that XRP is now witnessing its largest bearish market sentiment since October.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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